Royal Bank of Canada boosted its stake in shares of iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN – Free Report) by 40.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 29,627 shares of the company’s stock after acquiring an additional 8,557 shares during the quarter. Royal Bank of Canada’s holdings in iShares MSCI ACWI Low Carbon Target ETF were worth $6,602,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CRBN. Resources Management Corp CT ADV bought a new position in iShares MSCI ACWI Low Carbon Target ETF in the 3rd quarter valued at $34,000. Assetmark Inc. bought a new stake in iShares MSCI ACWI Low Carbon Target ETF during the 4th quarter worth about $38,000. Harbour Investments Inc. lifted its position in iShares MSCI ACWI Low Carbon Target ETF by 1,907.4% during the 4th quarter. Harbour Investments Inc. now owns 542 shares of the company’s stock valued at $125,000 after purchasing an additional 515 shares during the period. Advisory Services Network LLC acquired a new position in iShares MSCI ACWI Low Carbon Target ETF during the 3rd quarter valued at about $179,000. Finally, Ameritas Advisory Services LLC bought a new position in shares of iShares MSCI ACWI Low Carbon Target ETF in the 4th quarter valued at about $202,000.
iShares MSCI ACWI Low Carbon Target ETF Price Performance
Shares of NYSEARCA:CRBN opened at $258.73 on Wednesday. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of -2,352.09 and a beta of 0.93. The company has a 50 day moving average of $252.40 and a 200-day moving average of $242.98. iShares MSCI ACWI Low Carbon Target ETF has a one year low of $215.29 and a one year high of $260.35.
iShares MSCI ACWI Low Carbon Target ETF Profile
The iShares MSCI ACWI Low Carbon Target ETF (CRBN) is an exchange-traded fund that is based on the MSCI ACWI Low Carbon Target index. The fund tracks an index of stocks from global firms selected for a bias toward lower carbon emissions. CRBN was launched on Dec 9, 2014 and is managed by BlackRock.
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